Tuesday,11 January 2022 08:22:11

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Tuesday,11 January 2022 at 08:23

UK and European stocks opened higher as investors look ahead to the next U.S. inflation reading on Wednesday.

Asia-Pacific markets mostly fell as investors remain concerned about inflation as well as likely policy tightening from central banks such as the U.S. Federal Reserve.

Oil priced higher with investors regaining some risk appetite as they await clues from the U.S. Federal Reserve chairman on potential interest rate rises and as some oil producers continued to struggle to beef up output.

Gold prices rose as traders awaited December inflation data and weighed bets for quicker interest rate hikes.

In corporate news, Games Workshop revealed a dip in profits for the past six months as higher costs offset sales growth.

The Warhammer retailer reported that pre-tax profits fell by 3.7% to £88.2 million for the six months to November 28.

Markets

At 08:15

FTSE 100 7,486 +0.56%

FTSE 250 23,191 +0.83%

DAX 15,913 +0.92%

At the close

Dow Jones 36,068 (-0.45%)

S&P 500 4,670 (-0.14%)

NASDAQ 14,942 +0.05%

Fixed Income

UK 10-YR YIELD 1.190

Exchange Rates

GBP/USD 1.361

GBP/EUR 1.199

Commodities

Gold $1,809 +0.43%

Brent $81.46 +0.57%

Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.